Quote from: mjglqw on August 01, 2019, 04:54:20 PM

It frustrates me a lot why almost no one defending Bitcoin points out the lack of liquidity that could increase with time.

The liquidity issue has not been argued over in this debate either.

Quote from: figmentofmyass on August 01, 2019, 08:08:30 PM

the thing about conservatives is they are always fighting the future and never foresee big changes. i believe he will be proven wrong in time...

Because they are stuck in the past. In the age in which gold is the most precious possession. He repeatedly mentioned how gold has been in use and with precious value in the past thousands of years.

I guess he was already proven wrong when it was pointed out to him that he badly missed the bandwagon when the price of BTC was around $10. And he admitted that he really missed it and he could be a billionaire today had he invested in it. Again, that realization was made in hindsight. He could have picked up a lesson or two from it but he is simply adamant that the future of Bitcoin is bleak.

Quote from: 1Referee on August 01, 2019, 08:41:55 PM

Satoshi once said;

Quote

If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.

Pomp brought it up during the debate but clearly didn't agree with it. He wastes his time on someone that is not ever going to concede that Bitcoin has value and is a better alternative to Gold in most fields aside from where Gold's physical aspect fetches demand from various industries. Peter is doing a good job protecting his own interests. Gold bugs can be proud.

Yeah, Pomp mentioned that if one doesn't like it, I don't have time for you. But it was his opening remark on a 2-min allocation to finally convince Peter otherwise. I guess it was not really a nice strategy. The point, after all, is to change the mindset of the man. And if one starts with "all right, your mind is impossible to change," that is already tantamount to giving up.

Quote from: Sailor11 on August 01, 2019, 08:43:01 PM

Would be interesting to see if you will get the same amount of hatred as I got when I expressed the same position on store-of-value. Seems that quite a few members of bitcointalk feel it is ok to curse and criticize any new member that express a reasonable and detailed point of view which is different from what they are told the last 2 years.

Not healthy, mate. That is sad. Shouldn't be the way a healthy forum discussion should proceed.

In general, I think Peter got most of the airtime. Pomp's less aggressive, less assertive, and timid approach did not fare well with a veteran gold bug.

I guess Peter Schiff will have a better debate opponent with another Peter, that is, Van Valkenburg of Coin Center.